Household spending has continued to rise across the nation, including in Sunbury and the Macedon Range, according to new data released by the Australian Bureau of Statistics (ABS).
In November 2022 household spending increased by 11.4 per compared to the same time in the previous year.
ABS head of macroeconomic statistics Jacqui Vitas said said that November 2022 was the 21st consecutive month of increased through-the-year total household spending, with most spending categories recording increases.
“This latest rise was less significant than previous months, as COVID-19 Delta variant impacts (such as lockdowns) eased towards the end of 2021,” Ms Vitas said.
“The highest increases were in spending in transport (35.8 per cent) and hotels, cafes and restaurants (23.8 per cent), but growth slowed in comparison to previous months.“
Furnishings and household equipment (-7.0 per cent) was the only spending category to record a fall when compared to November 2021. This was due to strong post-lockdown spending in this category in November 2021.
Compared to pre-pandemic November 2019, total household spending was 21.2 per cent higher.
